Suburb Profile Report for Berala NSW (2141)

Berala House: Median price $850,000, Annual capital growth 7.59%, Number of sales 41, Weekly median advertised rent $500

Berala Unit: Median price $447,000, Annual capital growth 4.43%, Number of sales 24, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

NSW has seen average median house prices change by -3.87% which means that Berala, 2141 has not done well for property investors by showing a capital gain of -1.73% over the last year

Over the longer term, Berala has seen property prices show investors a -4.23% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -9.19% to buyers in Berala at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $500 mark per week – giving a return of 3.06% based on the median price in Suburb

Berala is in the bottom 40% in NSW when comparing median price capital growth over the last year. Berala gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.88%.

Berala,2141 was ranked 208 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Berala, 2141. Typically our figures indicate that -7.51% is being offered, which puts this NSW suburb at 304th most discounted overall in Australia.

Residents and property investors in Berala have been waiting around 121.278 days to sell a property.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$850,000 $447,000
0.53% 5.18%
-1.73% -6.88%
7.59% 4.43%
$500 $390
41 24
3.06% 4.54%
66.7142857142857 121.277777777778

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 8798
Median household income ($/weekly) 1012
Median age of persons 33
Median housing loan repayment ($/monthly) 1755
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1159 13.2
    25-34 years 1421 16.1
    35-44 years 1095 12.4
    45-54 years 1233 14.0
    55-64 years 955 10.9
    Others 2936 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 3370 51.0
    Not Married 3016 45.6
    Defacto Relationship 226 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3458 41.7
    Croatia 1131 13.6
    Philippines 202 2.4
    Viet Nam 792 9.6
    Other 1015 12.2
    Others 1691 20.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1411 17.3
    Christianity 3514 43.0
    Hinduism 316 3.9
    Islam 1473 18.0
    No Religion 1360 16.7
    Others 92 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 293 12.1
    $600-$799 268 11.1
    $800-$999 251 10.4
    $1,000-$1,249 241 10.0
    $1,500-$1,999 282 11.7
    Others 1079 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2858 43.3
    Employed, worked full-time 2172 32.9
    Employed, worked part-time 981 14.9
    Unemployed, looking for work 368 5.6
    Employed, away from work 226 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 605 17.9
    Technicians & trades workers 563 16.7
    Clerical & administrative workers 515 15.3
    Machinery operators & drivers 322 9.5
    Labourers 514 15.2
    Others 856 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 131 5.6
    Infants/Primary 671 28.9
    Secondary 640 27.6
    Technical or Further Educational Institution 281 12.1
    University or other Tertiary Institutions 467 20.1
    Others 131 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5134 61.0
    Flat, unit or apartment 1902 22.6
    Semi-detached, row or terrace house, townhouse 1378 16.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 984 37.5
    Fully owned 914 34.8
    Being purchased 715 27.2
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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